Fractional Reserves and the Fed

The Free Market 30, no. 6 (June 2012) The following is a testimony before the U.S. House Committee on Financial Services, Subcommittee on Monetary Policy (Chairman: Ron Paul). Dr. Salerno was able to give this testimony thanks to the generous support of Mises Institute donors. Chairman Paul and members of the Subcommittee, I am deeply […]

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